First Affirmative Financial Network Decreases Position in The Travelers Companies, Inc. (NYSE:TRV)

First Affirmative Financial Network decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,073 shares of the insurance provider’s stock after selling 258 shares during the period. First Affirmative Financial Network’s holdings in Travelers Companies were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TRV. Franklin Resources Inc. boosted its stake in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after acquiring an additional 38,515 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Travelers Companies during the second quarter valued at $9,798,000. Orion Portfolio Solutions LLC raised its position in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after buying an additional 4,665 shares in the last quarter. Czech National Bank lifted its position in Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Down 0.2 %

Shares of TRV opened at $249.02 on Friday. The firm has a market capitalization of $56.53 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The business’s fifty day moving average price is $247.33 and its two-hundred day moving average price is $238.15.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.01 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 20.6 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. UBS Group lifted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, BMO Capital Markets lifted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $260.47.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.